i admire your nobleness however the sad truth is the USA has been doing that for more than 50 years now examples: Chile, 1973 Iran, 1953 Cuba, 1959 Iraq, 1963 Turkey, 1960 Argentina, 1976 Nicaragua, 1981 so the question remains. how can the USD implode when the USA orchestrates the world agenda?
The previous poster who I responded to implies that current US financial policy is perfectly reasonable due to the capacity of the US military to offset governmental obligations to international debt via the process of securing raw materials within "unfriendly" geographical regions. You have effectively answered your own observations... What is the use of having a highly sophisticated military if you don't have the political will to see a war through to its conclusion? Are you unable to visualise a series of events that could potentially occur within the USA that will become of a greater concern to "political will" than that of a continuation of current policy? Such as the complete breakdown of economic stability? Do you believe the current war will be completed before the obligations to international debt are settled? If not, then look forward to an increase in printing... I don't think I need to expand upon what that future provides for the Dollar. I'm not confusing political will with the inability to win a war via a carpet bombing methodology, however perhaps you ought not to confuse a lack of political will with the capacity to win a war as being separate from the capacity to win a war just because the USA has a sophisticated military. What makes you think that todays administration has the political will to see the present war through to a "victorious" conclusion? Where do you propose that the treasury will generate the money needed to pay for this ongoing war in order to see it through even if the political will remains intact? Certainly not through economic expansion taking into consideration the levels of consumer debt along with the retail banking sectors reluctance to risk providing loans to potential homebuyers (those that are fortunate enough to have a stable income) which is the fundamental foundation of all economic stability. How long are YOU prepaired to observe the standards of your country capitulate in order to secure the liberation of the people of Afghanistan and Iraq? Are you able to visualise a point in time where the political will of the US government to fight out the current war to a successful conclusion could be "amended" due to the internal pressure recieved from the citizens/patriots of the US who are no longer prepaired to see their country crumble around them due to the financial implications of a continuity with current policy? Assuming the government have enough political will AND the financial resources to see out an indefinate war, you then need to defeat the resistance that stands before the military. The mentality of the US citizen has been nurtured in such a way that the individuals who join the military are nowhere near as determined to fight out a war to a conclusion upon foreign soil than that of a country founded upon religious fundamentalism who interpret this war as an invasion. The people of Afghanistan and Iraq will fight tooth and nail with their bare hands right up until the last one of them is killed. The US philosophy is founded upon recruiting a bunch of kids who have grown up playing games consoles and eating hamburgers and who subsequently decide that the thought of detonating some real life military equipment is attractive. However when these people realise that they have joined a very very long war where they will very rarely see their family or have the ability to live a "normal" life, or go back to eating hamburgers and playing games consoles and hanging out at the mall, they will soon begin to lose the will to fight and according to reports within the media this adjustment within the psychological dynamics of the average soldiers will to fight is already waning NOW. Additionally, as citizens within the USA see their own country begin to lose the capacity to offer a prosperous future due to the financial constraints that governmental policy presides over, they will be extremely reluctant to join the military to fight for a cause that is destroying the country from within, thus impacting the militaries capacity to generate enough troops needed to fight an ongoing war on global terror. There will be a tipping point when young people no longer see the military as a route away from financial difficulty when they realise that this war isn't going to end in the format that it currently operates within for a long long time, which brings us back to the primary issue at hand. How do you propose the US administration finances the war along with her obligations to international debt over the next 30 years taking into consideration the current economic environment whilst maintaining reserve currency status?
How is the USA "orchestrating" a "global agenda" whilst the Chinese continue to retain an autonomous capacity to uphold a Dollar peg?
great, got a few houses to sell them, realtor said things were kinda slow anyways.... I'll price it in Euros...
http://www.bloomberg.com/avp/avp.htm?N=av&T=Soros Says Dollar `Ought to Fall'%20Against%20Renminbi&clipSRC=mms://media2.bloomberg.com/cache/vMi4hSKzcyUU.asf Soros nails it.... All the fiats are in catch 22 phase.... What's worse than the dollar.... other than all the other currencies....? Each country's labor will demand "co-devaluation"....The weaker Latin's have tried this scheme...without success.... The investment restrictions by the Central Banks....led to the creation of sovereign funds....in order to have more leeway/diversity.... The sovereigns are diversifying into more "real assets" vs fiat paper.... This is the next /current trend....
The US actually became a debtor nation a few years into Reagan's reign, believe it or not. We are still paying interest on all the debt he ran up almost 30 years ago.